Drafting Joint Venture Agreements: Deal Rationale, Partner Fit, Scope and Structure, Finances, Governance

Key Considerations for JV Agreements

Recording of a 90-minute CLE webinar with Q&A

Conducted on Wednesday, December 9, 2020

Recorded event now available

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Course Materials

This CLE course will provide strategies to counsel drafting joint ventures (JVs) for various types of commercial transactions. The panel will focus on the elements necessary to create a workable agreement that will provide structure throughout the life of the JV.


JVs are widely used and not limited to an individual sector, industry, or geography. Joint ventures are useful for various reasons, including sharing costs and risks, developing new technology, and entering new markets. Joint ventures can take a variety of forms and can be creatively structured to fit the desires and goals of the parties. In this webinar, our panel will discuss many of the key considerations parties need to think through when deciding whether to enter into a JV and when determining the various parameters governing such relationship.

For instance, when considering the use of JVs, the parties must consider the deal rationale and structure the transaction in a manner which avoids unnecessary complexity. In addition, there are many scenarios where a complex JV relationship should be avoided and a simpler business arrangement with less shared control and complexity is preferred. Parties to a JV must determine if the partners share corporate values and policies and a compatible long-term vision and strategy.

There is rarely a single best answer for how to structure a JV. There are often several viable options, and the parties need to determine where to focus their attention. In particular, the legal document must detail the allocation of control, costs, profits, and risks and must contemplate both the long-term and day-to-day governance of the JV.

Our panel will provide strategies to counsel drafting JVs for various types of commercial transactions. The panel will focus on the elements necessary to create a workable agreement that will provide structure throughout the life of the JV.

Listen as our expert panel addresses the necessary steps to draft a commercial JV to answer the questions for each party to allocate risk and create clarity for an ongoing concern with best practices and practical advice.



  1. Joint ventures generally
  2. Elements
    1. Deal rationale
    2. Partner fit
    3. Deal scope and structure
    4. Finances
    5. Governance
  3. Specialty provisions
    1. Exclusivity
    2. Noncompetition
    3. Deadlock


The panel will review these and other relevant topics:

  • When is a JV appropriate for a business transaction?
  • Before entering a JV, what are the parties' considerations for the deal rationale?
  • What values and corporate policies must parties share for a successful future JV?
  • How do parties to a JV appropriately narrow the scope of their agreement?
  • How can JVs allocate costs, profits, future investments, and the subsequent risks in a JV agreement?
  • What should parties think through when determining the governance structure of a JV?


Bamford, James
James Bamford

Founder & Managing Director
Water Street Partners

Mr. Bamford serves a global client base on joint venture transactions, governance, restructurings, and other...  |  Read More

Spilman, John
John L. Spilman, Jr.


Mr. Spilman focuses his practice on transactional and advisory matters involving renewable and conventional energy and...  |  Read More

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